- What does NOWL invest in?
- The Fund strives to provide daily investment outcomes, before accounting for fees and expenses, that are two times (200%) the daily percentage fluctuation of ServiceNow Inc.'s common stock, listed under NASDAQ: NOW. It is not guaranteed that the Fund will fulfill its stated purpose. Moreover, the fund is not designed to offer a cumulative return that is double the performance of NOW for durations longer than a single day.
- What is the expense ratio of NOWL?
- GraniteShares 2x Long NOW Daily ETF (NOWL) charges an expense ratio of 1.51%. This is the annual fee deducted from fund assets to cover management and operations.
- Is NOWL a good long-term hold?
- NOWL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
- How does NOWL's daily reset work?
- NOWL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
- How big is NOWL?
- GraniteShares 2x Long NOW Daily ETF (NOWL) manages $225.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is NOWL actively managed or an index fund?
- NOWL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
